Before we all get bogged down in the Q2 results season which is beginning to gather pace I think it is good to remind ourselves of one part of the financial burden that is to crush us if interest rates rise to more normalised levels – that is the scale of Govt, household and non-financial […]
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Benanke does some back-peddling on tapering and we’re back to the ‘good’ times again. More easing of course spells a weaker dollar, which after its recent surge, was ripe for some profit taking. On the other side of this trade, Â equities and commodities rose, including at last gold. Â – nice to see life is now […]
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Hurrah for the recovery in US employment! June’s +202k increase in private sector jobs was ahead of ‘expectations’ and have been spun as a further confirmation of the self-sustaining recovery in the US economy and the planned ‘tapering’ of the Fed’s current $85bn per month of QE life support.  As a consequence the US dollar […]
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Accounting for around a third of display advertising and including most of the larger US brands, it should come as little surprise that UK TV advertising would be sensitive to US marketing investment decisions. For those looking at just UK domestic consumption, the rebound in UK TV NAR over the last couple of years may have […]
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US labor laws mean that US companies can hire and fire with relative impunity. Regardless of the longer term advisability of treating what ought to be a longer term resourse as swing capacity, it does afford equity markets with a near real time metric of US corporate investment and an effective lead indicator. When firm’s […]
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May represented another month of aenemic employment growth, with seasonally adjusted private sector additions of only 82k, after April’s revised +87k and expectations of around +150k. Including a further contraction in Govt employment (of -13k vs April’s -10k), overall monthly employment increased by a mere +69k vs April’s +77k and Q1’s average of +252k pm. […]
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Reed Elsevier                                    Plc (REL.LN)             NV (REN.AS) Share price                                       511p                           €9.0 Growth rating FY3                             +2.9%                              +2.8% Revenue CAGR FY1-3                        +3.6%                         +3.5% Target CAGR FY3                               […]
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